Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who creates GAAP?

creates GAAP
0
Posted

Who creates GAAP?

0 CommentsAdd a Comment

1 Answer

0

The GAAP rules are created and maintained by a nationally centred group of qualified accountants. When new or amended GAAP rules are prepared they are submitted to the entire population of qualified accountants for review and comment prior to implementation. The purpose of this method is to ensure that all new rules and changes will have the correct intended effect in improving the value of financial information to all users in Canada and abroad.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.